The dollar traded higher across the board as global trade worries and equity markets weakness keep investors from switching away from safe heavens. The ongoing US China trade war and overall lack of positive triggers sent global equity markets lower to the worst open of September in 10 years however the sentiment was more of profit taking than a real selloff. EU and Asian markets traded lower on very light volumes while NFP numbers weren’t enough to propel the US markets to a positive trading day. Metals traded lower on a stronger dollar and Oil was flat closing the week bellow 68$ per barrel after trading as high as 71$ per barrel Tuesday.

UK GDP at 9:30 am is the important news on the agenda Monday.

 

MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
7.9.18-0.08%0.25%-0.28%-0.53%-0.28%0.1%
USDMXNUSDCHFAUDUSDAUDJPYUSDCADSilverPlatinum
0.74%0.4%-1.32%-1.02%0.3%-0.04%-1.21%
Dollar IndexDAXFTSE100CAC40EURSXX50NIKKEI225CSI300
0.49%0.04%-0.56%0.16%-0.08%0.18%-0.91%
1 YEAR-2.8%-1.35%2.71%-4.48%15.94%-15.11%

 

 

Swing trades follow up  

TradeEntry pricePositionOpen profitDate triggeredStop lossRemarks today
GBPUSD29110.7-1010/92940New position
OIL68.383426/968.21Stopped out
OIL69.3866905/968.21Stopped out
USDNOK39990.63104/93514 
       
OPEN PROFIT  $300